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The surge would represent another significant marker for the company that has benefitted enormously from the rise and subsequent soaring demand for artificial intelligence stocks.
After a more than 16% climb in Thursday’s session following earnings pushed its valuation to $1.96 trillion, Nvidia (NASDAQ:NVDA) is up more than 2% premarket Friday. Nvidia shares are up 59.9% so far in 2024, and it is now valued just behind Microsoft, Apple and Saudi Aramco.
Nvidia’s latest earnings release impressed investors and analysts on Wednesday after the close. The company reported Q4 EPS of $5.16, $0.55 better than the analyst estimate of $4.61. Revenue for the quarter came in at $22.1 billion versus the consensus estimate of $20.55 billion. Its Q1 2025 revenue guidance of $24 billion beat the consensus of $22 billion.
